Chipotle Mexican Grill, Inc. (CMG) Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 27.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 311,682 shares of the restaurant operator’s stock after buying an additional 67,769 shares during the period. American Century Companies Inc. owned approximately 1.12% of Chipotle Mexican Grill worth $141,666,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Millennium Management LLC boosted its position in Chipotle Mexican Grill by 107.5% in the 1st quarter. Millennium Management LLC now owns 5,562 shares of the restaurant operator’s stock worth $1,797,000 after purchasing an additional 2,881 shares in the last quarter. Principal Financial Group Inc. boosted its position in Chipotle Mexican Grill by 15.4% in the 1st quarter. Principal Financial Group Inc. now owns 78,406 shares of the restaurant operator’s stock worth $25,333,000 after purchasing an additional 10,436 shares in the last quarter. IFM Investors Pty Ltd boosted its position in Chipotle Mexican Grill by 38.0% in the 2nd quarter. IFM Investors Pty Ltd now owns 1,232 shares of the restaurant operator’s stock worth $531,000 after purchasing an additional 339 shares in the last quarter. Xact Kapitalforvaltning AB boosted its position in Chipotle Mexican Grill by 19.8% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 4,390 shares of the restaurant operator’s stock worth $1,894,000 after purchasing an additional 725 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Chipotle Mexican Grill by 2.5% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 7,216 shares of the restaurant operator’s stock worth $3,113,000 after purchasing an additional 177 shares in the last quarter. 89.13% of the stock is owned by institutional investors.

In related news, Director Pershing Square Capital Manage sold 118,307 shares of the stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $472.05, for a total value of $55,846,819.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.19% of the stock is currently owned by corporate insiders.

Shares of NYSE:CMG opened at $490.76 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $247.51 and a 1 year high of $530.68. The company has a market cap of $13.18 billion, a PE ratio of 74.36, a price-to-earnings-growth ratio of 3.13 and a beta of 0.22.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Thursday, October 25th. The restaurant operator reported $2.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.00 by $0.16. Chipotle Mexican Grill had a return on equity of 17.14% and a net margin of 3.96%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. As a group, analysts expect that Chipotle Mexican Grill, Inc. will post 8.48 earnings per share for the current fiscal year.

Several equities research analysts have commented on CMG shares. Citigroup upped their price objective on Chipotle Mexican Grill from $506.00 to $573.00 and gave the stock a “buy” rating in a research report on Wednesday, August 15th. Zacks Investment Research upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $512.00 price objective on the stock in a research report on Monday, July 16th. UBS Group lowered Chipotle Mexican Grill from a “market perform” rating to an “underperform” rating in a research report on Monday, October 1st. Oppenheimer lowered Chipotle Mexican Grill from a “market perform” rating to an “underperform” rating and set a $400.00 price objective on the stock. in a research report on Monday, October 1st. They noted that the move was a valuation call. Finally, KeyCorp started coverage on Chipotle Mexican Grill in a research report on Wednesday, October 3rd. They issued an “overweight” rating and a $500.00 price objective on the stock. Nine equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fifteen have issued a buy rating to the stock. Chipotle Mexican Grill presently has a consensus rating of “Hold” and a consensus price target of $431.72.

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Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2017, it operated 2,363 Chipotle restaurants throughout the United States, as well as 37 international Chipotle restaurants; and 8 non-Chipotle restaurants. The company was founded in 1993 and is based in Denver, Colorado.

See Also: Fundamental Analysis

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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